Michael J. Fowler is a Zimbabwean entrepreneur known for having co-founded Innscor.
Fowler has served as Non-Executive Director of Innscor Africa Limited since July 1994. Michael Fowler is a co-founder of Innscor and has held a number of managerial positions within the Group including a period during which he served as Group Chief Executive Officer. Michael was a key driver behind the Group’s investment into its crocodile ranching operations where he has remained as an executive director since its unbundling and separate listing on the ZSE in 2010. He is member of the Remuneration Committee and Member of the Nomination Committee of the Company.
Illicit Financial Transactions
In May 2016, an investigation into the Panama Papers revealed that Michael Fowler and his business partner, Zinona Koudounaris, operating through lawyers and accountants, had opened four companies in the British Virgin Islands and transferred money from their salaries to the firms in 2015. This was apparently in violation of Zimbabwe's laws which prevent money earned in Zimbabwe from being transferred to offshore accounts unless approved by the central bank.
- Ray Choto, Zimbabwe's Innscor Africa Directors Ensnared in Panama Papers, Voice of America - Zimbabwe, Published:9 May 2016, Retrieved: 16 May 2016